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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 36345, located in Headland, Alabama, contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 24 total units, all of which are designated as low-income units. This zip code spans an area of 106.09 square miles and had a population of 8,405 in 2022. Based on the national average household size of 2.61, the estimated housing inventory for this zip code is approximately 3,220 units. The LIHTC funded affordable housing comprises about 0.75% of the estimated housing units in the zip code.
The LIHTC program has allocated $125,777 in tax credits for affordable housing projects in this zip code. This equates to an average federal funding of $5,241 per unit. This zip code accounts for 0.07% of the total state LIHTC funding, indicating a relatively small portion of Alabama's affordable housing investment.
The affordable housing inventory in this zip code consists of one project, Countryside Villas, which was completed in 1998. This project has been providing affordable housing options in the area for over two decades. The 24 units in Countryside Villas are distributed as 18 two-bedroom units and 6 three-bedroom units, accommodating various family sizes.
Over the past decade, the population in this zip code has remained relatively stable, with slight fluctuations. The population increased from 8,059 in 2013 to 8,405 in 2022, representing a modest growth of about 4.3%. During this period, the median income showed an overall upward trend, rising from $55,911 in 2013 to $67,186 in 2022, an increase of approximately 20%.
The racial composition of the zip code has remained relatively consistent over the past decade. The white population has been the majority, comprising around 74-79% of the total population. The Black population has slightly decreased from 22% in 2013 to 18% in 2022. Other racial groups, including Asian, Hispanic, and multiracial populations, have maintained small but stable percentages.
Given that no new LIHTC projects have been built in the last decade, the relatively stable population and increasing median income might suggest that the existing affordable housing stock has been sufficient to meet the area's needs. However, it is important to note that other affordable housing programs not covered by this data may also be contributing to the area's housing needs.
The 36345 zip code in Headland, Alabama, has a single LIHTC funded affordable housing project, Countryside Villas, which has been providing 24 low-income units since 1998. While this project covers a small percentage of the estimated housing units in the zip code, it has been a consistent source of affordable housing for over two decades. The area has experienced modest population growth and significant income growth over the past decade, with a relatively stable racial composition. These demographic trends, combined with the lack of new LIHTC projects, suggest a relatively stable affordable housing situation in the zip code, though additional data on other housing programs would be needed for a comprehensive assessment.